A collateral loan offered at a pawnshop or pawnbroker can be a quick, convenient and confidential way for an individual to obtain a short-term, small loan at a usually lower interest rate. For this reason they are and have been for quite some time, a popular way for persons in need to receive the cash they require for any number of situations.

Simply put, a collateral loan works like this: customers pledge property as collateral and in return pawnbrokers lend them money. Once the customer pays back the loan and all interest accrued, their merchandise is returned to them. If the customer elects not to redeem his or her collateral, there is no credit consequence to the borrower and the pawnshop then can sell the item at a valued price to other retail customers.

At a reputable pawnshop, these loans are safe, secure and beneficial to all parties involved. Legitimate pawnbrokers are highly regulated and governed by several federal laws that apply to other financial institutions. In addition to federal laws and regulations, most pawnbrokers are licensed and regulated by state and local authorities as well. Always make sure you are dealing with a licensed pawnbroker before entering into any loan agreement.

Collateral loans with a pawnbroker are beneficial beyond their loan interest and short term rates. They are also beneficial to the consumer in that they impose a standard of discipline on the borrower that other unsecured loans do not. They do not cause people to overextend themselves on credit or go into bankruptcy as the loan is only given on collateral of an item of equal value.

Many pawnshops will offer collateral loans on several different items including electronics, firearms, musical instruments and much more. At Jewelry-N-Loan however we specialize in only giving loans on high-end watches, diamonds and/or jewelry. This higher standard and specificity means that you won’t find the traditional seedy part of the pawn business you may see in movies and television. We hold ourselves and our customers to a higher standard and only deal in legitimate, friendly, and honest transaction. When you visit our shop, the minute you step into our showroom and speak with our knowledgeable staff you will feel at ease and know you’ve made the right choice.

Our flexible and convenient cash loans from $2,500 to $100,000 do not require a credit check and remain strictly confidential. Our loans as with most pawnbrokers are short-term pledges and you can rest assured the are regulated by the Department of Justice. We are licensed and regulated and follow all laws and codes of conduct as mentioned above.

If you are in need of a quick and convenient loan, bring in your watches, diamonds and jewelry to our shop for a free consultation. As always, our reputation proceeds us and you can find plenty of positive reviews and testimonials online and by asking locally about Jewelry-N-Loan.

Jewelry-N-Loan is conveniently located in the old town stretch of Costa Mesa, CA. You can’t miss our vintage storefront just off the end of the 55 Freeway on Newport Boulevard. Our charming building was originally an ice cream parlor in the 1950’s and over the years has seen several transformations before becoming the high-end pawn shop that is Jewelry-N-Loan.

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Collateral Loans

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A collateral loan offered at a pawnshop or pawnbroker can be a quick, convenient and confidential way for an individual to obtain a short-term, small loan at a usually lower interest rate. For this reason they are and have been for quite some time, a popular way for persons in need to receive the cash they require for any number of situations. Simply put, a collateral loan works like this: customers pledge property as collateral…